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Written by: Anjali Mishra
The Cabinet has given final approval for a new excise tax scheme covering smaller motorized vehicles including golf carts, ATVs, and buggies. This new scheme is expected to give the government an additional 400 million baht per year.
Smaller motorised vehicles, including as three-wheeler trucks, golf carts, buggies, and all-terrain vehicles, will be subject to a new vehicle excise plan approved by the Cabinet on Tuesday (ATVs).
The Cabinet approved new vehicle excise scheme for trucks, golf carts, buggies, etc
The new excise tax aims to clarify excise collection against newer types of motorised vehicles while also supporting the electric vehicle industry as a means of environmental conservation.
Because excise taxes were previously not applicable to some of these products, specific codes and rates for each of these vehicles will be amended on the car and motorbike portion of the Ministerial Announcement controlling the excise tax rates.
This new excise tax will be applicable to golf carts, buggies, and ATVs operated either on more than 12 volts of electricity or on fossil fuel; as well as three-wheeler vehicles that operate in the same manner as motorcycles.
Thailand's golf course
Taxation is estimated to bring in 400 million more per year for the government, whereas the new, lower rate for three-wheeler trucks will result in less revenue for this vehicle category.
This new voltage-based excise taxing scheme is in accordance with other similar international tax rates and corresponds to Thailand's direction and policy of serving as an electric vehicle manufacturing base.
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